GENEVA, 15 June 2012 - As the 2012 Atlantic Hurricane Season kicks off, all 16 member governments of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) have committed for the sixth year in a row to renew their hurricane and earthquake insurance for 2012-2013 and earned themselves a 25% premium rebate.

This report, for the period 1 September – 30 November 2011, is the second quarterly report in the 2011/2012 fiscal and policy year for CCRIF. It is designed to provide an update on progress during this quarter towards achievement of CCRIF’s Strategic Objectives (see Figure 1) as defined in the CCRIF Strategic Plan 2009/2010 – 2011/2012. In providing this progress update, this quarterly report also illustrates how the Facility upholds its customer values.